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The IPO lot size is 67 shares, and you can buy more shares in multiples of 67 after that.
JG Chemicals IPO Launches: Details, Lot Size, and Allocation Dates Revealed
JG Chemicals is starting its initial public offering (IPO) today, March 5. The IPO will end on March 7, and each share is priced between ₹210 to ₹221, with a face value of ₹10. On March 4, anchor investors were allocated shares. The IPO is valued at ₹251.19 crore, including a fresh issue of ₹165 crore and an offer-for-sale of up to 3,900,000 shares.
Details about the JG Chemicals IPO: Lot size and more info
The IPO lot size is 67 shares, and you can buy more shares in multiples of 67. Up to half of the shares are set aside for qualified institutional buyers (QIB), at least 15% for non-institutional investors (NII), and at least 35% for retail investors.
When is the JG Chemicals IPO allotment date?
The JG Chemicals IPO shares will probably be allocated on March 11. Refunds will start on March 12, and shares will be added to investors’ demat accounts on the same day.
JG Chemicals’ IPO will likely be listed on both BSE and NSE on March 13th.
The people who started JG Chemicals are Anirudh, Anuj, and Suresh Jhunjhunwala.
JG Chemicals IPO: What the company aims to achieve
The money raised from the sale will be used to invest in BDJ Oxides, pay off loans, fund the building of a research center in Naidupeta, and cover day-to-day expenses.
JG Chemicals IPO: Managers running the book
The main managers for the JG Chemicals IPO are Centrum Capital Limited, Emkay Global Financial Services Ltd, and Keynote Financial Services Ltd. Kfin Technologies Limited is the registrar.
What’s the GMP for the JG Chemicals IPO?
JG Chemicals IPO’s grey market premium is +50, meaning the share price is trading at a ₹50 premium in the grey market, according to investorgain.com.
